On October 21, the Hong Kong Monetary Authority (HKMA) launched the Sustainable Finance Action Agenda to reinforce Hong Kong’s status as a sustainable finance hub and support broader sustainable development in Asia. The Agenda outlines eight goals across four areas: achieving net zero emissions in banking operations, investing sustainably, establishing Hong Kong as a leading sustainable financing platform, and promoting inclusivity in sustainability disclosures. HKMA Chief Executive Eddie Yue emphasized the urgency of addressing climate change and the need for collaboration across the industry. The HKMA plans to implement and refine the Agenda based on market developments and industry feedback.
Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/10/20241021-4/